Wall Street Journal | Norway's Statoil retreats from the oil sands The Globe and Mail The deal marks a big retreat from the oil sands, which in the last decade had been the target of a massive spending boom among European and Asian companies. Since then, development and operating costs jumped and planned export pipelines for the oil ... Statoil Exits Production in Canadian Oil Sands Statoil sells oilsands assets to Athabasca Oil in deal worth up to $832M Statoil to sell Canada oil sands assets to Athabasca Oil Corp |